Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-20-Speech-3-401"

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"en.20101020.21.3-401"2
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"Payment terms in business transactions are a priority issue for the proper functioning of the European economies. Unfortunately, there are considerable disparities between Member States when it comes to complying with terms of payment, and this makes it necessary to verify carefully Directive 2000/35/EC of 8 August 2002, which is currently in force. Lack of discipline in transactions is a particular threat to small and medium-sized enterprises in countries which have been hit by the economic crisis. Late payment frequently causes difficulties both on the internal market and in cross-border trade. For this reason, I support the rapporteur’s proposal to tighten up legislation, introduce instruments to protect enterprises and introduce mandatory compensation to enforce the late payment of invoices and interest."@en1

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